QUANTITATIVE EASING LIMITS. EVIDENCE FROM JAPAN

Andreea-Emanuela Drăgoi () and Ana-Cristina Bâlgăr ()
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Andreea-Emanuela Drăgoi: Institute for World Economy, Romanian Academy Bucharest
Ana-Cristina Bâlgăr: Institute for World Economy, Romanian Academy Bucharest

Romanian Economic Business Review, 2016, vol. 11, issue 4, 60-70

Abstract: In the post-crisis reality, the Quantitative Easing (QE) has started to be used as a tool for boosting credit activity and to revival the economic growth. While QE initiatives have been enforced by some advanced economies (U.S., Japan, EU) our paper aims to assess their success,basing its assumptions mainly on the Japanese experience. Our analysis will briefly review several important theoretical contributions to this particular topic presented in the recent scientific literature and will further evaluate, through a SWOT analysis, the strengths and the weaknesses of this unconventional monetary policy. In the final part of our research we will assess the possible success of the European Central Bank’s (ECB) QE initiative through a comparative analysis which takes into account the “lessons learned” from the Japanese experience.

Keywords: quantitative easing; inflation; credit activity; Japan economy (search for similar items in EconPapers)
Date: 2016
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